Rent to Own Homes in Decatur

Rent to Own Homes in Decatur, IL

Decatur is located in central Illinois, approximately 40 miles from Bloomington, Champagne and Springfield. The city is located close to Lake Decatur and the Sangamon River. It’s well known as home to Decatur Airport, Richmond Community College and Millikin University. There were more than 70,000 residents in 2016, and the city is now a part of the Decatur Metropolitan Statistical Area.

Residents are served by the Decatur Park District, the Decatur Public Library and the Decatur Public School District. There are also more than five private schools available for students in the Decatur area. This includes Decatur Christian Schools and the Lutheran School Association of Decatur.

Decatur is located in central Illinois, approximately 40 miles from Bloomington, Champagne and Springfield. The city is located close to Lake Decatur and the Sangamon River. It’s well known as home to Decatur Airport, Richmond Community College and Millikin University. There were more than 70,000 residents in 2016, and the city is now a part of the Decatur Metropolitan Statistical Area.

Residents are served by the Decatur Park District, the Decatur Public Library and the Decatur Public School District. There are also more than five private schools available for students in the Decatur area. This includes Decatur Christian Schools and the Lutheran School Association of Decatur.

Decatur now provides thousands of jobs in manufacturing and logistics, and it serves as a major economic hub for Macon County. Some of the city’s major employers include Caterpillar, Arch Daniels Midland, Tate & Lyle and Mueller. Many residents work in medicine at Decatur Memorial Hospital and St. Mary’s Hospital. Employment opportunities are also available through the local school system, Macon County and many retail and food service businesses.

While the thriving economy is a major attraction for new Decatur residents, many are also impressed with the variety of restaurants and entertainment venues available in this region of Illinois. Some of the biggest attractions in the Decatur area include the Scoville Zoo, the Children’s Museum of Illinois and the Spitler Woods State Natural Area.

Buying vs Rent to Own Homes

If you plan to purchase a home in Decatur within the next few years, it’s worth your time to look into rent-to-own homes. These properties are on the market for sale, but the current owners have agreed to allow one serious buyer to rent before securing a home loan. If you accept the terms, you will move into the property right away while paying rent each month. In some cases, a portion of each rental payment is applied toward the purchase of the home in the future. You will typically have at least one year to secure financing and close on the home.

Summary

There are many reasons to consider living in Decatur, Illinois. Resting in the center of the state, this city boasts a thriving economy, a variety of family-friendly parks and recreation areas, and a growing list of entertainment venues. The cost of housing in the city can drop more than 50 percent below the national average at times, and the overall cost of living is often 30 percent or more below average. Decatur is located close to an airport, a large lake and a river. It’s home to a zoo and gives residents easy access to state natural areas, walking trails and other outdoor amusements.

Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area:

About Rent To Own Labs

Our goal is to help you find the ideal rent to own home. To do that, we’ve had to experiment with a lot of crazy things to make that happen (thus our name!). We’re consistently trying new things, working with new partners, and overall, trying to make your search experience as seamless as possible. At the end of the day, we know how important it is to find the perfect home, and we’re excited to help you find it, and to help you through the entire process.